Vistra Corp. (NYSE:VST – Get Free Report) fell 3.5% during mid-day trading on Wednesday . The company traded as low as $151.05 and last traded at $153.0840. Approximately 5,045,884 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 5,096,056 shares. The stock had previously closed at $158.63.
Analyst Ratings Changes
Several research firms have commented on VST. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. TD Cowen decreased their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. Seaport Research Partners restated a “buy” rating and set a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 target price on shares of Vistra in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $230.31.
Check Out Our Latest Stock Report on Vistra
Vistra Price Performance
Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. As a group, equities research analysts predict that Vistra Corp. will post 9.52 earnings per share for the current year.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s dividend payout ratio is 15.41%.
Insider Buying and Selling
In related news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock valued at $6,739,227 in the last ninety days. Company insiders own 0.92% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra in the third quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Vistra during the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Vistra during the 4th quarter worth approximately $30,000. Finally, Triumph Capital Management acquired a new stake in shares of Vistra in the 3rd quarter valued at approximately $38,000. 90.88% of the stock is owned by hedge funds and other institutional investors.
Vistra Company Profile
Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.
Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.
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